TIDMCHRT
RNS Number : 5515W
Cohort PLC
13 December 2023
One Waterside Drive
Arlington Business Park
Reading
Berks
RG7 4SW
13 December 2023
COHORT PLC
("Cohort", "the Company" or "the Group")
DIRECTORATE CHANGE
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Cohort, the independent technology group, is pleased to announce
the appointment of Peter John Lynas as a non-executive director,
with effect from 2 January 2024. He will also become a member of
the Audit, Remuneration and Nomination Committees. Jeff Perrin,
currently Chairman of the Audit Committee, has advised the Board of
his intention to retire from the Board following the 2024 AGM,
after 9 years in post, and it is planned that Peter Lynas will then
replace him as Chairman of the Audit Committee.
Peter Lynas is a qualified FCCA who spent the early part of his
career in a variety of financial roles, primarily with GEC Marconi.
From 2000 he was at BAE Systems, first as Group Controller and then
as Group Finance Director from 2011 until his retirement in 2020.
In addition to his wide and deep knowledge of all aspects of
finance in the international defence and aerospace sector,
encompassing financial control and reporting, treasury, tax, risk
management, M&A and investor relations, Peter has considerable
experience of programme management and strategy development and
execution.
Peter is also a non-executive director of FirstGroup plc and he
served as a non-executive Director of SSE plc from 2014 until
2023.
Nick Prest, Chairman of Cohort said:
"I am delighted that we will shortly be welcoming Peter Lynas to
the Board. His financial acumen and experience of our industry will
be of great value as we take Cohort to the next stage of its
development."
Other than as set out in this announcement, there are no further
disclosures required under Schedule Two, paragraph (g) of the AIM
Rules for Companies.
ENDS
For further information please contact:
Cohort plc 0118 909 0390
Nick Prest, Chairman
Andy Thomis, Chief Executive
Simon Walther, Finance Director
Raquel McGrath, Company Secretary
Emily McBride, Group Head of Marketing
and Corporate Communications
Investec Bank Plc (NOMAD and Broker) 020 7597 5970
Carlton Nelson, Christopher Baird
MHP 020 3128 8276
Reg Hoare, Ollie Hoare, Hugo Harris cohort@mhpgroup.com
Disclosures required by Schedule Two, paragraph (g) of the AIM
Rules for Companies
Peter John Lynas (age 65)
Directorships held in the
Current Directorships last five years
---------------------- ---------------------------------------
FirstGroup PLC SSE PLC
BAE Systems Pension Funds CIF Trustees
Ltd
BAE Systems Pension Funds Investment
Management Limited
BAE Systems PLC
BAE Systems (Holdings) Limited
BAE Systems (Operations) Limited
Salford Electrical Instruments
Limited
BAE Systems China (Exports) Limited
NOTES TO EDITORS
Cohort plc ( www.cohortplc.com ) is the parent company of six
innovative, agile and responsive businesses based in the UK,
Germany and Portugal, providing a wide range of services and
products for domestic and export customers in defence and related
markets.
Cohort (AIM: CHRT) was admitted to London's Alternative
Investment Market in March 2006. It has headquarters in Reading,
Berkshire and employs in total over 1,200 core staff there and at
its other operating company sites across the UK, Germany, and
Portugal.
The group is split into two segments - Communications and
Intelligence, and Sensors and Effectors:
Communications and Intelligence
-- EID designs and manufactures advanced communications systems
for naval and military customers. Cohort
acquired a majority stake in June 2016. www.eid.pt
-- MASS is a specialist data technology company serving the
defence and security markets, focused on electronic warfare,
digital services, and training support. Acquired by Cohort in
August 2006. www.mass.co.uk
-- MCL designs, sources, and supports advanced electronic and
surveillance technology for UK end users including the MOD and
other government agencies. MCL has been part of the Group since
July 2014. www.marlboroughcomms.com
Sensors and Effectors
-- Chess Dynamics offers surveillance, tracking and fire-control
systems to the defence and security markets. Chess has been part of
the Group since December 2018. www.chess-dynamics.com
-- ELAC SONAR supplies advanced sonar systems and underwater
communications to global customers in the
naval marketplace. Acquired by Cohort in December 2020. www.elac-sonar.de
-- SEA delivers and supports technology-based products for the
defence and transport markets alongside specialist research and
training services. Acquired by Cohort in October 2007.
www.sea.co.uk
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END
BOAGPGAAPUPWGMP
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